Earnings

Enterprise Products Partners LP once again is seeking to expand its Acadian natural gas system in Louisiana amid increased activity among its producer customers in the Haynesville Shale. Enterprise is working to add 400 MMcf/d of capacity to the Acadian Gas Pipeline System, a 1,300 mile-long conduit linking Louisiana and Gulf of Mexico gas to…

Haynesville Shale-focused Comstock Resources Inc. has set a mid-2022 goal to certify its North Louisiana and East Texas natural gas production, which currently is 2 Bcf/d. The Frisco, TX-based independent is partnering with MiQ to certify the gassy production. Under the MiQ Standard, the nonprofit would assess and grade the methane emissions intensity, ensure enhanced…

Executives with Coterra Energy Inc. on Wednesday pledged ongoing operational discipline despite an enticing oil and natural gas price environment. Coterra is the product of the recently completed merger of U.S. independents Cimarex Energy Co. and Cabot Oil & Gas Corp.  “I’ll just say, there’s going to be one word that will guide us in…

Global oil and natural gas demand is forecast to remain tight in the months ahead, but Devon Energy Corp. is holding the line on production, instead looking to reward shareholders. The Oklahoma City-based independent, whose portfolio is concentrated in some of the richest oil and natural gas basins of the country, plans to maintain production…

Cheniere Energy Inc. loaded a record 141 liquefied natural gas (LNG) cargoes in the third quarter as prices skyrocketed and global demand increased ahead of the winter. Management expects more of the same in the coming months.  “In the short term, we have witnessed significant volatility and record prices for LNG and natural gas across…

Continental Resources Inc. is expanding into the Permian Basin through an all-cash acquisition from Pioneer Natural Resources Co. valued at about $3.25 billion. The assets in the Texas portion of the Delaware sub-basin are currently producing 55,000 boe/d with a 70% oil cut. They comprise more than 1,000 total locations, including more than 650 gross…

Appalachian Basin heavyweight Antero Resources Corp. is maximizing its exposure to natural gas prices heading into next year, betting on a continued bullish outlook for natural gas and natural gas liquids (NGL). Antero is “the least hedged in our company history on the natural gas side as we enter 2022,” CEO Paul Rady said during…

Chesapeake Energy Corp. plans to direct 85% of its capital spending in 2022 to the “highest return opportunities” in the Eagle Ford, Haynesville and Marcellus shales, as it bears down on sharply reducing methane intensity across the board. CEO Nick Dell’Osso, who took the helm of the Oklahoma City-based independent last month, led a conference…

The proverbial bar went up for ConocoPhillips during 3Q2021, and CEO Ryan Lance on Tuesday said the largest independent in the United States is on the cusp of another big step in its growth trajectory.  After acquiring Permian Basin pure-play Concho Resources Inc. earlier this year, the Houston independent joined the ranks of the largest…